BANK
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Banks Forced To Replace EUR10B Foreign Lines Of Credit With Local Deposits In Six Years
Over the last six years, the foreign banks that control 90% of Romania’s banking system have withdrawn EUR10 billion worth of lines of credit extended to their local subsidiaries during the...
Banks Steer Customers Towards Contactless Cards
The seven local banks that issue contactless cards (which enable card holders to make small payments without having to pass the card through a POS or input the PIN) have reached more than 1....
Henk Paardekooper, RBS: More Banks Will Leave The Market
Henk Paardekooper, the Dutch banker who supervised the sale of the RBS Romania portfolio to UniCredit, believes more foreign banks will decide to leave the Romanian market because there are...
Eight Of Top 20 Banks Are Romanian Brands
Eight of the 20 largest banks in Romania are Romanian brands and four of them are owned by the Romanian government or private entrepreneurs, while the rest are held by Austrian, French and G...
Banking System After Six Years Of Crisis
Romania’s banking system is still reeling after six years of crisis because it failed to restructure on time, for which reason costs remain high and revenues low.
Banks Have Cash To Step Up Lending, But No Trust
Banks have the cash to step up lending, but the money does not reach the economy due to the lack of trust between entrepreneurs and bankers, partly because of the hundreds of thousands of in...
Banks And Insurers Got EUR250M Capital Injections In January-September
Banks, insurers and leasing companies held by foreign groups got more than 1.1 billion lei (EUR250 million) capital injections in the first nine months of the year. Most of the money went to...
Credit Cards Trigger RON530M Worth Of NPLs
Banks have 530 million lei (EUR120 million) worth of non-performing credit card loans in their portfolios, many of which sold as an option to consumer loans, reveals the annual financial sta...
Banking Sector Capital Doubled In 2008-2013
The banking sector received capital injections of about 12 billion lei (EUR2.7 billion) in 2008-2013, as 28 local banks analyzed by ZF had almost RON25 billion share capital in December last...